loader
Join Free
Views: 76 Updated: 12.04.23 Posted: 10.27.23 Status: Inactive

Summary

Price $1,565,000
Built/Renov 2000/2019
Tenant Burger King
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,878
Lease Start 04-01-2024
#Units 1
Price/SF $403.56
Expiration 03-31-2044
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 19.10
Ownership Fee Simple
Rent/SF $23.21
Increases 8.0%/5/yrs
Pop 5Mi 7,123
Lot/AC 1.17
Options 4/5yrs/8%
AHHI 5Mi $72,375

Lease Highlights

  • Long-term operating history | Tenant has been at this location for over 22 years
  • Burger King to sign a new 20-year lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 8% rental increases every 5 years throughout the initial term and options
  • Absolute NNN | Zero landlord responsibilities
  • Increases year-over-year sales | Speak with Agent for details
  • Seasoned operator | Tenant has been a Burger King franchisee for 35+ years

Location Description

Burger King is positioned on Regional Park Road, which has a daily traffic count of 10,700 vehicles. The property boasts exceptional accessibility and visibility from US Hwy 19 Bypass, where the daily traffic count reaches 21,000 vehicles. It is conveniently located across the highway from a Food City, which is part of a shopping center anchored by a Walmart Supercenter. Additionally, the...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burger King
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • Tenant S&P: BB
  • Moody’s: B1
  • Stock: NYSE: QSR

About Tenant

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,172 4,881 6,797
2023 Total Population : 1,175 4,981 6,976
2023 Employed Civilian Pop : 616 2,388 3,203
2023 Total Businesses : 118 311 341
2023 Average Household Income : $ 71,827 $ 73,353 $ 73,633
2023 Total Consumer Spending : $ 35 M $ 139 M $ 194 M
2023 Median Age : 45 45 45
2023 Total Households : 561 2,154 3,000
2023 Pop Age 25+: Bachelor's Degree : 69 433 643
2023 Average Home Value : $ 207,985 $ 190,778 $ 182,618
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pittston Rd 2018 11,000 0.20 mi
US Hwy 19 Byp Pittston Rd 2016 9,900 0.20 mi
East Main Street Hurt St 2021 7,600 0.37 mi
Main St Ford Ave 2016 8,300 0.39 mi
Pittston Road Overlook Dr 2020 16,000 0.41 mi
Pittston Rd Overlook Dr 2016 9,600 0.42 mi
Main St Pittston Rd 2016 8,300 0.45 mi
Pittston Rd Co Rd 654 2016 1,500 0.46 mi
Pittston Road Pittston Rd 2020 1,400 0.52 mi
East Main Street Ridge Dr 2020 4,700 0.66 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity